Supervision of the banking system and its regulation at the European level

1 Supervision and regulation of the banking system at European level Abstract This thesis examines the issue of supervision over the banking system at the European level, encompassing the role of European and national supervisory authorities, the framework of the Single Supervisory Mechanism, and specific supervisory activities such as the supervision of transformations and acquisitions of banking institutions. The thesis defines the fundamental concepts relevant to the subject matter and, following a historical and legal overview of the development of banking supervision in Europe, focuses primarily on the current legal framework and the institutional structure of the banking system within the European Union. The author defines, inter alia, terms such as the Eurozone, the Euro system, Joint Supervisory Teams, the SREP, and other related concepts. The thesis analyses the EU legal framework that shapes the structure and operation of the banking system, aiming to identify its main weaknesses. A fundamental part of the work is dedicated to the Single Supervisory Mechanism. In this section, the author explains the purpose and function of the SSM, the role of the European Central Bank within its framework, and further specifies the distinctive features of supervisory execution, such as the assumption of direct...